Les gains de Bitcoin, c\u2019est super \u2014 sauf si votre entreprise coule \u00e0 c\u00f4t\u00e9.
\nMatthew Sigel de VanEck recommande de ralentir la cadence.<\/p>\n
Beaucoup l\u00e8vent de l\u2019argent rapidement pour acheter du Bitcoin via des programmes ATM. Mais si l\u2019action atteint la valeur nette (NAV), cela dilue l\u2019investissement.<\/p>\n
Jusqu\u2019ici, aucune entreprise n\u2019est rest\u00e9e sous la NAV. Semler, par contre, fr\u00f4le la limite.<\/p>\n
Le pari Bitcoin de Semler
\nSemler a achet\u00e9 du BTC en mai 2024. Ils d\u00e9tiennent 3 808 BTC, soit plus de 400 millions $.<\/p>\n
Mais leur action a chut\u00e9 de 45 %. Leur valorisation est \u00e0 peine au-dessus de 434 millions $.<\/p>\n
Leur mNAV est tomb\u00e9 \u00e0 0,821x. Ce n\u2019est pas bon signe.<\/p>\n
Des garde-fous urgents
\nSemler continue d\u2019acheter du Bitcoin, esp\u00e9rant un rebond de l\u2019action.<\/p>\n
Sigel dit : stop. Il conseille d\u2019arr\u00eater les \u00e9missions si mNAV passe sous 0,95x pendant 10 jours.<\/p>\n
Et si le BTC grimpe sans que l\u2019action suive ? Rachetez les actions.<\/p>\n
Si la situation dure, il faudra revoir toute la strat\u00e9gie crypto. Fusion, s\u00e9paration ou arr\u00eat.<\/p>\n
Payer pour la croissance, pas le BTC
\nDernier conseil de Sigel : payez les dirigeants pour la croissance, pas la taille de leur portefeuille BTC.<\/p>\n
\u201c\u00c0 la NAV, plus de marge d\u2019erreur,\u201d dit-il. \u201cC\u2019est plus un investissement, c\u2019est une fuite de valeur.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Les gains de Bitcoin, c\u2019est super \u2014 sauf si votre entreprise coule \u00e0 c\u00f4t\u00e9. Matthew Sigel de VanEck recommande de……<\/p>\n","protected":false},"author":33,"featured_media":819,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[1028,2,29,97,1075,783],"class_list":["post-820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nouvelles","tag-actions","tag-bitcoin","tag-finance","tag-investissement","tag-marche","tag-strategie"],"jetpack_featured_media_url":"https:\/\/365crypto.org\/fr\/wp-content\/uploads\/sites\/11\/2025\/06\/2-5.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/posts\/820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/comments?post=820"}],"version-history":[{"count":0,"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/posts\/820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/media\/819"}],"wp:attachment":[{"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/media?parent=820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/categories?post=820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/365crypto.org\/fr\/wp-json\/wp\/v2\/tags?post=820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}